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"Federated Department Stores&amp;amp;nbsp; today announced plans to close its New Jersey-based Stern&amp;#39;s department store division, converting 19 of Stern&amp;#39;s 24 locations in New York and New Jersey to Macy&amp;#39;s and Bloomingdale&amp;#39;s.  James M. Zimmerman, Federated&amp;#39;s chairman and chief executive officer, said the decision will enable the company to expand Macy&amp;#39;s and Bloomingdale&amp;#39;s presence in the region, further strengthening these brands in their home markets."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.just-style.com/news/fds-overhaul-leads-to-store-closures_id75803.aspx>